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Another year has come and gone in the cryptocurrency industry, leaving behind an ocean of developments, drama, price swings and innovation \u2014 all moving at a breakneck pace that even Barry Allen would have a hard time keeping up with. Similar to previous years, Twitter has yet again served as a hotbed of crypto industry discussion in 2021.\u00a0<\/p>\n
Over the past 12 months, Bitcoin (BTC<\/a>) rode a price rollercoaster<\/a>, nonfungible tokens (NFTs) sold for millions of dollars<\/a> and Dogecoin (DOGE<\/a>) reached illogical price highs<\/a> \u2014 and that\u2019s just the tip of the iceberg. Twitter, of course, sat right in the middle of the action, with people and companies posting all sorts of industry-related content. <\/p>\n Providing a glimpse into some of the action \u2014 a time capsule of sorts for the future, or maybe an update for folks who function away from the heartbeat of the industry \u2014 here are 10 notable crypto industry-related tweets from 2021 (in no particular order). <\/p>\n In September 2020, Bitcoin dawned a new hat, taking recognition as an official form of currency for the first time in its history. On Sept. 7, 2021, El Salvador formally established BTC<\/a> as a form of money in the country. <\/p>\n The country\u2019s president, Nayib Bukele, also tweeted about Bitcoin<\/a> several times after the move. <\/p>\n 3 minutos para hacer historia.<\/p>\n In 3 minutes, we make history.#BitcoinDay<\/a> #BTC<\/a><\/p>\n \u2014 Nayib Bukele (@nayibbukele) September 7, 2021<\/a><\/p><\/blockquote>\n Cynthia Lummis, a United States senator, showed her colors<\/a> as a crypto sector proponent on multiple occasions amid a year filled with digital asset regulatory discussion<\/a>. <\/p>\n One example from 2021 included her actions in fighting back against<\/a> vague crypto regulations. <\/p>\n According to Chainalysis, cryptocurrency-related crime is smaller than criminal activity with cash. #Crypto<\/a> regulations need to leave room for innovation. Just because a limited number of bad actors have abused crypto doesn\u2019t make it evil.<\/p>\n \u2014 Senator Cynthia Lummis (@SenLummis) January 25, 2021<\/a><\/p><\/blockquote>\n Francis Suarez, the mayor of Miami, Florida, sent out a tweet early in 2021 noting his intention to push crypto in the city. Throughout 2021, Suarez proved to be a positive force for crypto adoption both in and outside of Miami.<\/p>\n He gave the opening speech at the Bitcoin 2021<\/a> conference, hosted in Miami. He also expressed an intention to receive BTC<\/a> for a portion of his annual pay, among other crypto adoptive moves<\/a>.<\/p>\n The City of Miami believes in #Bitcoin<\/a> and I\u2019m working day and night to turn Miami into a hub for crypto innovation. <\/p>\n Proud to say Miami is the first municipal government to host Satoshi\u2019s White Paper on government site. @balajis<\/a> @tyler<\/a> @cameron<\/a> @APompliano<\/a> pic.twitter.com\/DBOni23ynY<\/a><\/p>\n \u2014 Mayor Francis Suarez (@FrancisSuarez) January 27, 2021<\/a><\/p><\/blockquote>\n This particular tweet from MicroStrategy CEO and founder Michael Saylor may not be particularly special, but it represents longevity from one of Bitcoin\u2019s newer cheerleaders. <\/p>\n Michael Saylor jumped on the Bitcoin train in 2020 and has shown a continued passion for the asset through 2021. Throughout 2020 and 2021<\/a>, with Saylor at the helm, MicroStrategy has amassed<\/a> large piles of BTC. Saylor also personally owns<\/a> a bag of Bitcoin. <\/p>\n Saylor\u2019s personal Twitter account has essentially become a stream of BTC posts.<\/p>\n Diamonds may be your best friend, but #Bitcoin<\/a> is forever.<\/p>\n \u2014 Michael Saylor⚡️ (@saylor) September 2, 2021<\/a><\/p><\/blockquote>\n The tweet shown below from Peter Schiff, a gold advocate, is also not particularly important in and of itself, but more so represents Schiff\u2019s continued skepticism of Bitcoin<\/a>.\u00a0This is a position he is known for throughout the crypto industry and a stance that he continued throughout 2021 \u2014 so much so that even his son, an avid BTC supporter, has not changed<\/a> the mind of Schiff senior.<\/p>\n Clearly @saylor<\/a> doesn’t understand the game that he’s playing. It’s like musical chairs. In the end the one left holding the most #Bitcoin<\/a> is the biggest loser. The winners will be the whales who got in early, pumped up the price, then cashed out before the music stopped playing.<\/p>\n \u2014 Peter Schiff (@PeterSchiff) November 3, 2021<\/a><\/p><\/blockquote>\n Elon Musk has tweeted about crypto on multiple occasions and is known for paying attention<\/a> to Dogecoin (DOGE<\/a>). In February 2021, Tesla unveiled a $1.5 billion Bitcoin purchase<\/a>. Tesla also began allowing BTC as a method of payment. <\/p>\n Months later in May, Musk tweeted out an image to explain Tesla\u2019s halt in accepting BTC payment was due to concerns regarding Bitcoin\u2019s fossil fuel energy toll. Bitcoin fell noticeably in price<\/a> around the time that Musk sent out the tweet. <\/p>\n Tesla & Bitcoin pic.twitter.com\/YSswJmVZhP<\/a><\/p>\n \u2014 Elon Musk (@elonmusk) May 12, 2021<\/a><\/p><\/blockquote>\n A good portion of 2021 has included a discussion on U.S. dollar inflation. Money printing in the U.S. has gone wild<\/a> in the hands of government forces trying to alleviate the economic drawbacks of the COVID-19 pandemic.<\/p>\n In contrast, a great number of networks in the crypto industry allow for assets to be governed by the community; depending on the project, many of these have the potential for fixed maximum supplies for the number of crypto assets that will be released into circulation. Gemini crypto company co-founder Cameron Winklevoss\u2019 tweet shows how the U.S. dollar would look if it were a crypto asset.<\/p>\n Imagine a crypto where the supply increased 4x without input from the community. It wouldn’t pass the shitcoin giggle test. Now think about the fact that I’m actually describing the US dollar.<\/p>\n \u2014 Cameron Winklevoss (@cameron) November 14, 2021<\/a><\/p><\/blockquote>\n It can be hard to know where new technology or industry sits on an adoption timeline. Although views on the matter can vary depending on multiple factors<\/a>, analyst Willy Woo\u2019s tweet in February 2021 gave the public one possibility, comparing Bitcoin to the internet boom. <\/p>\n In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997.<\/p>\n But Bitcoin’s growing faster. Next 4 years on current path will bring Bitcoin users to 1b people, that’s the equivalent of 2005 for the Internet. pic.twitter.com\/Np9yTR3WkL<\/a><\/p>\n \u2014 Willy Woo (@woonomic) February 1, 2021<\/a><\/p><\/blockquote>\n The course of 2021 has been filled with numerous mainstream world big players<\/a> getting involved in the crypto industry in one form or another. Famous actress Reese Witherspoon decided to dive into crypto this year, telling the world via a tweet. <\/p>\n The tail end of the crypto industry\u2019s last major bull market before that of 2020\/2021, however, saw singer Katy Perry reveal a picture of her fingernails painted with cryptocurrency logos on them in late January 2018<\/a> \u2014 close to the market\u2019s top. <\/p>\n Just bought my first ETH! Let\u2019s do this #cryptotwitter<\/a><\/p>\n \u2014 Reese Witherspoon (@ReeseW) September 2, 2021<\/a><\/p><\/blockquote>\n Topping off the list for 2021: the time when crypto went so mainstream that a major professional sports arena was renamed after a crypto company<\/a>, but not everyone liked the move. <\/p>\n We’re extremely proud to announce that Staples Center, Los Angeles’ most iconic arena is getting a new name:<\/p>\n https:\/\/t.co\/vCNztATkNg<\/a> Arena<\/p>\n As part of this 20 year partnership, we’re also excited to welcome the @Lakers<\/a> & @LAKings<\/a> as our newest partners! pic.twitter.com\/KCfYKySDRt<\/a><\/p>\nBitcoin recognized as money<\/h2>\n
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Crypto regulation a hot topic in 2021<\/h2>\n
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Miami mayor kept his word<\/h2>\n
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Michael Saylor\u2019s Bitcoin feed<\/h2>\n
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Peter Schiff\u2019s continued Bitcoin skepticism<\/h2>\n
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Elon Musk\u2019s impact<\/h2>\n
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A crypto asset that would raise issues?<\/h2>\n
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A possible adoption timeline answer<\/h2>\n
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A less technical sign of adoption (or the top of a market?)<\/h2>\n
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A crypto arena<\/h2>\n
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